Jung Sanghyuk: "London Branch Relocation... Will Serve as Financial Bridge for EMEA"

Jung Sanghyuk, President of Shinhan Bank, attended the relocation ceremony for the London branch and stated, "We will faithfully serve as a financial bridge connecting Europe, the Middle East, and Africa."

Jung Sanghyuk, President of Shinhan Bank (third from the right), held a relocation ceremony for the London branch at 8 Bishopsgate Building in London on the 21st (local time) and took a commemorative photo with officials. (From the fourth left) Seungho Han, Charge d'Affaires of the Korean Embassy in the UK, Baroness Poppy Gustafson, UK Minister of Investment, Samaila Dalhat Jubairu, CEO of African Finance Corporation, and Jung Sanghyuk, President. Provided by Shinhan Bank.

Shinhan Bank announced on the 22nd that it held a relocation ceremony for its London branch at the 8 Bishopsgate Building in London, UK, on the 21st (local time).

The London branch of Shinhan Bank has been serving as the headquarters for the Europe, Middle East, and Africa (EMEA) region, including the establishment of a Global Capital Market (GCM) desk in January this year. It is also a key location where Jin Okdong, Chairman of Shinhan Financial Group, has been strengthening the group's capabilities, such as by conducting investor relations (IR) sessions at major European hubs including London in May.

In his welcoming remarks, President Jung emphasized, "The London branch has been a core base for realizing our global financial strategy for over 30 years," and added, "This relocation is not merely a change of location but a strategic shift to strengthen our global competitiveness." He further stated, "Starting anew at 8 Bishopsgate, which symbolizes the future of the London financial market, will be an important turning point for further enhancing Shinhan's global competitiveness," and expressed his commitment to "faithfully fulfilling the role of a headquarters covering the entire EMEA region."

On the same day, President Jung met with Baroness Poppy Gustafson, UK Minister of Investment, to discuss ways to expand investment in line with the UK government's 'Modern Industrial Strategy' and '10-Year Infrastructure Strategy.'

Shinhan Bank also signed a strategic business agreement with the African Finance Corporation to expand infrastructure investment and financial cooperation in Africa. Headquartered in Lagos, Nigeria, the African Finance Corporation is the largest multilateral development finance institution on the continent, with experience investing in infrastructure projects worth over $12 billion across 35 African countries.

Through this agreement, the two institutions will cooperate in various areas, including joint evaluation and financing of infrastructure projects in Africa, supporting Korean companies entering or planning to enter Africa, and trade finance to promote trade between the two countries. In particular, they plan to establish a practical cooperation system in key business areas such as energy, transportation, digital, infrastructure, and industrial development, thereby eliminating barriers for Korean companies accessing the African market and expanding opportunities for infrastructure investment and project finance, further strengthening the role of K-finance.

A Shinhan Bank official stated, "This agreement marks a new milestone in cooperation between Korean financial institutions and African development finance institutions, and is a proactive response to the African market, which is benefiting from the restructuring of global supply chains." The official added, "Going forward, together with the African Finance Corporation, we will expand our cooperation not only in finance but also in areas such as joint responses to climate change and sustainable development, including infrastructure modernization."

This content was produced with the assistance of AI translation services.